A starting salary of Rs 1.25 crore per annum to a Delhi student matches the average pay package of American software engineers but is still 40-50% more that what Indian techies working in the US earn.
US-based cab-hailing company Uber Technologies has offered the sum to Sidharth, a computer science student of Delhi Technological University (DTU) and will work as a software engineer in San Francisco.
When converted to dollars, the DTU student’s annual package comes to $1,52,974.
“An average American software-engineer in the US, gets anything between $1,40,000 to $1,70,000… depending on which school has the graduate passed out from,” said Sanchit Vir Gogia, CEO and chief analyst of Greyhound Research.
However, Sidharth’s salary is still 40% more than the average salary of a techie working in the US on an H1B visa, under which companies hire low-cost software engineers and transfer them to the US for their operations. On an average, an Indian techie earns $ 1,00,000 per annum in the US.
The offshore business model has now come under a cloud after US President Donald Trump’s vow to give jobs back to US citizens. A new US bill is also likely very soon.
Experts also said Indian software engineers in the past have matched and at times surpassed Sidharth’s salary.
In 2015-16, two students from IIT Kharagpur were hired by software giant Google for annual packages of Rs two crore each. The two, Araknath Pathak and Abhishek Pant, had topped the computer science and engineering department.
In 2015 too, Google had hired a student from DTU for an annual salary of Rs 1.27 crore.
In 2014, a student from IIT-BHU was picked up by Google for an annual salary of Rs 2.03 crore.
The same year, 20-year-old Jaipur girl, Astha Agarwal of IIT Bombay, bagged an offer of Rs 2 crore from Facebook.
The year 2014 was, in fact, remarkable for international recruitments with Facebook, Oracle and Google making at least 40 offers with packages exceeding Rs 1 crore to Indian students.
The demand for Indian engineers was such that tech behemoths went to smaller campuses of tier 1 engineering institutes.
Google picked up Krunal Kishorbhai Patel from BITS Pilani’s Goa campus for Rs 1.4 crore.